Regional Office XIII: 40 Completed Projects Lacking Final Billings
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe regional office had finished many projects, but almost five and a half billion pesos' worth had not been moved to fixed assets because the final bills from contractors had not been processed.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Page 61 of 508 AGENCY ACTION PLAN AND STATUS OF IMPLEMENTATION Ref. Audit Observation Audit Recommendation Agency Action Plan Status of Implementation Reason for Partial/ Delayed/ Non- Implementation, if applicable Action Taken/ Action to be Taken Action Plan Person/Dept. Responsible Target Implementation Date From To Samar 2nd DEO Zamboanga City DEO Zamboanga del Norte 1st DEO Samar 2nd DEO – Partially Implemented Fully Implemented Fully Implemented prepared after recording the reclassification all reclassified items. Samar 2nd DEO - a) The accounting unit had reclassified a total amount of P 3,381,568,060.17 of completed projects from CIP - Infra account to its proper Asset account since 2023 and still continuing preparing JEVs for the other projects that were completed already but still in the CIP account. The Accounting unit are committed to r"